Decision on 'Mr Euro' delayed to September

Finance ministers from the 12-country eurozone have deferred until September a decision on creating a "Mr Euro" as the political face of the single currency.

Jean-Claude Juncker, Luxembourg prime minister, is the favourite to become the first holder of the job, which could be created in January 2005.

France and Germany argued strongly for the post at a meeting of the eurogroup in Brussels last Monday, 5 July.

The Mr Euro post would replace the rotating six-month chairmanship of the eurogroup -